All Forum Posts by: John Weidner
John Weidner has started 16 posts and replied 691 times.
Post: Flipping Houses

- Chicago, IL
- Posts 710
- Votes 200
@Account Closed
Have to start somewhere. Just make sure you are solid on your repair #'s and the ARV.
What suburb or neighborhood?
Post: Chicago Meetup - November/December

- Chicago, IL
- Posts 710
- Votes 200
See everyone tonight.
Post: any know if submetering is the norm for chicago multi family?

- Chicago, IL
- Posts 710
- Votes 200
yes metered and that's what I'm averaging
Post: any know if submetering is the norm for chicago multi family?

- Chicago, IL
- Posts 710
- Votes 200
$50 per unit sounds right in Chicago. That is what I seem to be averaging
Post: Door Hanger Campaign

- Chicago, IL
- Posts 710
- Votes 200
How effective is this? I was thinking of printing some up and keep them in my car to hang as Im driving around looking at houses.
Im also a Licensed active realtor so Im pretty sure I have to disclose that on the hanger.
Appreciate any insight to the effectiveness of this.
it's pretty simple you have to know yor rehab costs and materials before setting the budget.
Lots of people twist the budget to make the property work for a flip and end up with zero profit.
Know your ARV and repair costs. Then you can control what you'll pay for the property
Post: Rehab Journal: Joralemon St. Project (Ride Along)

- Chicago, IL
- Posts 710
- Votes 200
Congrats on the contract.
Post: Rehab Journal: Joralemon St. Project (Ride Along)

- Chicago, IL
- Posts 710
- Votes 200
I've never seen a carpenter pre build stairs off site then hoist them in place. I've always done on site build.
Any reason you took this tactic for the stair build?
Post: Fishtown Flip Diary with Cash for Keys drama to kick it off!!!

- Chicago, IL
- Posts 710
- Votes 200
Nice work. Smart move finishing the basement - it shoukd sell much quicker. Finishes look good
Post: What types of properties do you WALK away from and why?

- Chicago, IL
- Posts 710
- Votes 200
Low height basements.
People want finished basements in my farm. Unless its a screaming deal that will allow $ to excavate I try to avoid.